The CBI questioned deputy manager of SBI’s international banking division, R.S. Randhawa, regarding details about the Rs 133crore NFL urea import scam. Randhawa was specifically assigned the task of sorting out the problems relating to irregular remittances, amounting to Rs 133 crore, on November 14, 1995. Randhawa was also privy to discussions regarding waiver of the bank guarantee clause by the RBI.
Article extracted from this publication >> July 3, 1996
